✉news BusinessRetail first seen 17 h ago, last 2 h ago, peak #2
Benchmark Shuts Down Wholesale Lender Eleven Mortgage
Original: Benchmark shuts down wholesale division Eleven Mortgage, says it will focus on retail
Benchmark has closed Eleven Mortgage, its wholesale lending division, and says it will concentrate on its retail mortgage business going forward. The move means wholesale borrowers and brokers who worked with Eleven Mortgage will need to find other lenders. The company has not detailed how many employees are affected or the reasons behind the decision, which comes as mortgage lenders continue reshaping their operations amid a difficult housing market.
Why now: The shutdown affects mortgage brokers and borrowers in the wholesale channel and reflects ongoing consolidation among lenders in a tough housing market.
Rank over time, top of the chart is #1. 12 snapshots from 17 h ago to 2 h ago.
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